 Welcome to Digital Asset News to get top stories and cryptocurrency assets and break them down to bite-sized pieces. So today, it was day two of the MicroStrategy conference and we had positively everybody coming out as far as trying to gain the institutional trust and become their custodians. We had everybody from Binance to NY Dig, the Delhi Digital Assets. I'll look up to Genesis, Grayscale, and then finally my man up here, Mike Novograt. So we're going to see what they said. And mostly it's the same type of thing, but there were some really good nuggets and things that even I didn't know about. And I can just tell you light right now. This will definitely be the year of cryptocurrency and digital assets once you take a listen to what these guys had to say. So we'll take a look at that. Also, US Library of Congress says most countries lack clear tax guidance on crypto staking. Surprise, surprise. US is not even in the running. And finally, we'll take a look at the portfolio review. So we did this last time. It was a pretty big hit. And we're just going to take a look at people's portfolio. We're actually subscribers and my predictions to see where they would be and what I would recommend if it was my portfolio. Again, not financial advice. So we'll go over all that. But first, let's take a look at what is going on into the market. So right now it is February 4th. It is 3pm. I'll pass the text time. Beautiful day here. 72 degrees in the end of January. I just love it. And here's what we got. Bitcoin up a percent. So not too bad. Not too great, whatever else. But look at XRP, 20%. Good for you guys who are holding XRP. Hope it's not another pump and dump. Hopefully there was something, some big news that really would cause that. Binance coin is up 10%. Doge up 35%. Looking pretty good. What else we got? 42% for Ave. Pretty much the same things that we saw in the morning. I don't think there's anything really big. Synthetics. Synthetics, I have to tell you, it has been on my radar now for quite some time. And the founder, the one I actually created it, I've got a lot of good input from Weston Nelson. He is the community manager there over there at TTC. And he says, don't sleep on this one, Rob. This one can be fantastically huge. So Synthetics and Matic, you can put those over on the Celsius. I think it's like 18% yield right now. So there is something definitely going on and something to look at. So that's what's going on in the market. Just real quick, one of the things that I like about Traded Chain. Let's take a look at this projected range here. Let's see. I move this over. Yeah, so good thing about Traded Chain is it gives a sentiment analysis like we always talk about. Direct API and Twitter and all the Twitter volume. News is what moves everything, in my opinion. So what's the next ones? Cream finance. I have no idea what cream finance is, again. But these projected ranges from what the tie tells me, this is the company that put together Traded Chain. They have a 90 to 93% accuracy rate. And right now, you're looking at cream finance. Sure. It's going for the next hour, it's going to be between negative 1.8 to 14%. Man, I would definitely get in that one. I'm not a big trader, but I'm learning to do so with the help of Marker Rebellion and TTC. But looking pretty good. SiaCoin. This one looks pretty good. It's 8%. Even though it's bearish, maybe not. Swissborg. Swissborg was another one that was just coming up. I think it's either going to be synthetics or it is going to be Swissborg for the next one I'm going to invest in. And the reason is, is because they have a real token utility. I believe they're the next Voyager. Anyhow, this is what's going on. If you want to take a look at that, there's a link in the description. Let's jump into the top stories today. So I know you don't have a lot of time. And that's why you got me. And what I did today was just take a look at what was going on with Michael Saylor and MicroStrategy. And they had a pretty big conference over the last two days. I've been talking about this last two days on the channel. And this morning, we just went over some things about yesterday. And yesterday, it was mostly Michael Saylor pretty much just talking about what's going on and how they did things. They essentially gave the playbook to these corporations and big entities and said, hey, this is how we did it. And this is exactly how things are ran over here at MicroStrategy to get us into Bitcoin. And here's the books. Just do whatever you want to do. And they just pretty much gave it to them for free. So I think just that alone is going to be huge. But they had some pretty big hitters in this whole seminar that they had. And the first one, they had Binance. And I'm not going to go over everything that was said. What I did was I tweeted out the different statements that these people made that I found was interesting. So you can take a look at all of them. Just follow me on Twitter. And again, link in the description. And you can see exactly what they said. But it was interesting to me that, first of all, they were all there. And if there was one word, if there was two words that were was used the most there, one was Bitcoin, obviously, and the second one was white glove, white glove service. It's like every single one was like, you guys don't have to do anything. Just bring your money and your checkbook and some documents and we'll set everything up. We'll do everything for you. These guys, I mean, Binance, Grayscale, Galaxy Digital, Genesis, Kraken, all these big people, Gemini, they want these institutions in there. And what was said in this seminar, and you can take a look at the videos before, but it only makes sense to go this route in this way. Now again, they're going to take a real hard look at it, but we will see. So let's just take, I just want to take some of the snippets that I found was pretty interesting. And then let's see. So Binance says, we started out business to consumer, but our corporate clients have increased by 38% just last quarter alone. So if you can remember back in 2017, the institutions were not even here whatsoever. So to go from there to here and have all these institutions come in, and this is just the first quarter, we're in the very first inning. So I think these guys are going to do the right thing as far as like getting these inroads in for these institutions. This one was the CEO of NY Dig, Robbie Gutman. And he said that, I found this interesting, was that he said that they've been talking a mass mutual for over three years, three years, to get them to where they are now. And again, no one wants to be the first, but nobody wants to be the last. And now there's things like this is Tom Jessup from the president of the digital assets. And he said that they sent out a survey to all other corporate clients, and 95% of them respondents are going to allocate to digital assets this year. Now I'm not for sure if that's fidelity assets, or if that is just fidelity as a whole. If it was fidelity as a whole, you have to remember that fidelity has like seven or eight trillion assets under management. So if that's the case, she's watch out. And see what else we have. I'm waiting for the Mike Novogratz talk. This one was interesting. I'd never heard of Genesis before. And Genesis has been around since 2013, 2014. They were an OTC for big time players, institutions, and a high net worth individuals. And their big thing is they said, you know what, doing OTC was really good in the beginning. And it was like the very first step. But now we're seeing more things like derivatives, other types of futures. And the big thing they're seeing is that people don't want to stay into Bitcoin. And for that, we have offered loans. And to us, to retail, it's not a big deal to talk about cryptocurrency loans. We see them on Block 5. We see them on sales, see them at scripted.com. We see them everywhere. It's not like a big thing. But for these corporate and institution clients, I think it's, like Michael was saying here, it's kind of a game changer. I took a look at their website itself. And I'll link this in the description below. And they made a good point, which was this, yield, or excuse me, so like, I mean, they can get the loans and everything's good. And they can get in and out of positions and they can collateralize. And he says beforehand, people just wanted to get out. But now they want to keep everything, but they want to get loans. And then on top of that, if they want to put their cryptocurrency with them, there's also yield. And for us, again, yield is no big deal if we go to Voyager, if we go to Celsius. Now, even with Gemini, they have this thing, a product called Earn. So all the different cryptocurrencies that you have on Gemini, you're actually going to be able to earn yield in a hell of a lot better than you will at any bank out there. I can tell you right that, like that. So these guys are like, hey, hide now working, hide now with individuals, institutions, if you want to keep your cryptocurrency here, we'll pay you, we'll pay you and then we'll loan those things out. And it's all about collateral, the same thing that all the different places are doing. But now these guys are saying, hey, bring it to us, a lot of it, and we'll pay you just for sticking it here. So if I'm a corporation and I'm thinking myself, again, money's on fire, I need to do something to make sure that the revenue is there. What can I do? I can just transfer this over into Bitcoin first, and then whatever else they want to do. And I can earn yield on that. And that's a hell of a lot better than any kind of bond that I'm going to get right now, or especially interest on any kind of, you know, bond bearing or whatever else. So I mean, that to me is another game changer. And it's just one more thing of why I think institutions are really going to be here to stay. Bitcoin and Treasury is a conversation starter, but loans and yield is the next step and brings people in. Michael Moro, CEO of Genesis, and let's see. And then he also said this, our lowest growth is in spot training, loans and derivatives, et cetera, et cetera. It's interesting to note that large entities like Grayscale has billions of assets under management and no banks are involved. So think about that. All the different billions that are in, there's absolutely no banks. And Mike Novigratz talks about this in a little bit, and he says, hey, people are going to go from bank accounts to wallets in their phones, and it's going to happen a lot faster than people think, and it's already starting. So then we have that. This is Michael Suninshine, the Grayscale CEO. And he said two things that were interesting. First, he said that a couple of years ago, three, four years ago, it was all about what is Bitcoin. And now it just becomes like, there is no more of those conversations. Now it's more like the nuts and bolts of how they can really get onboarded. He goes, the typical institution and high worth net investor already knows all these things, and they're really coming to us to kind of solidify what they really want to do. So they have that part. And this was the most interesting one. He says, investors call us nowadays more heavily when there is a dip in the market so they can buy. Before, when people would invest into our trust, they would call us up and like, what the heck just happened? It went down 30%. This is an awful deal. Why did you guys give me into this? Or whatever they say. But he goes, but now that's not the case. All these guys now are calling us to say, there's a huge dip. I need to allocate this much money, get me as much Bitcoin as you possibly can. Sounds pretty good. And I think that it's going to continue like that. What else? And then this one, this is my favorite, Mike Novogratz. So Mike said something. There's a couple of things he said that was interesting. I've never heard of this. I haven't heard this yet. He says here, we have 300 million at Galaxy Digital to invest in the virtual, non-fungible tokens and virtual worlds. And he talks about, there is, he said, there is something that is going on right now that three weeks ago, or maybe he said two months ago, people haven't even heard. It's called NBA Top Shot. And it's a non-fungible token for all the greatest plays and players in NBA history. And you can see he goes, he goes before he had a LeBron James card for $9, now it's selling for $71,000 as an NFT. He goes, so these are the things that I think can be the absolute future. And that's why we're putting in so much money this way. So non-fungible tokens, if you're involved in that, congratulations, you're way out of the curve, even way ahead of me, because I was like that. Sure. So I'll link that also in the description. So these are just the things that are actually coming about. And then two more things he says, I really look stupid than be stupid. People used to look at me like I was, like I was stupid when I talked about Bitcoin. Now my phone rings off the hook. Does that sound like you? Does that sound like you when you talk to your friends and family and loved ones and you're like, Hey, you really got to get into this coin. You really got to do this thing. It's going to be big. And of course, there's a huge dip and they're all laughing at you like, you're a moron. You don't know what you're talking about. And you're like, just wait, just wait. Like Novogratz was in your exact same position. And then he says, this wasn't it. He said, yes, this one. He goes, he said it was tough. And I'm like, well, how tough can it be for a billionaire? But he said, you know what? We were the bridge for a long time between institutions and Bitcoin, but the institutions never came. We had meeting after meeting after meeting and absolutely nothing happened. And thankfully COVID came around and we're able to talk about the macro. And he didn't really get into it. But I know what he's talking about. He says, it's not just about COVID and people going inside and really can't get around, but it's also about the quantitative easing and the economic hardship and all those things really played into effect. And before you know it, now that like, hey, Mike, that thing that you were talking about, we really want to get into it. I really think now that COVID had a pretty, it was a pretty big accelerant to what is happening in our space just for what happened. And it was just interesting to note that Mike here who has been pretty bullish on Bitcoin for the longest time, even there are no overnight successes. There are no get rich quick schemes, even in cryptocurrency, things that go up, you know, 50, 200% in a couple hours, you have to put in the work, you have to have the due diligence and you have to have the patience. So again, all those things I talked about the most and what I thought was the most important, I put them on my Twitter feed and you can check it out. I'll link it below. But let me know what you think about what's going to happen. What's your price predictions for Bitcoin? Mine's 150K. And then I've got all different types of price predictions we're going to go over in a little bit. But let me know in the comment section. Let's move on to our next piece. So this one. So this one concerned me because in my exit strategy, I talk about there's seven different criteria or the things that I'm going to do. One of those is cash out, others are stable coins, others putting into properties and my Amazon FBA business. But what did I talk about is staking. And the problem with staking in the US at least is that there are no clear guidelines as far as taxes, which I think could be good and bad. Hopefully they get it right, but usually they don't. And I'm hoping that they're just like, you know, him and ha until they kind of figured out later on the right, later on the line. I don't think they even understand what's going on with Bitcoin and crypto. So staking is like, well, I mean, it's just another level that I don't think they're going to get to anytime soon. So the US Library of Congress Law Division has released a report that shows major differences across global jurisdictions. The taxation of crypto study found that while tax departments a number in a number of the 31 countries have published guidance, only a handful have actually done anything. And I'll skip all the rest of this stuff. So of the 31 nations, 16 have been identified as possessing specific rules or guidance. So congratulations to Australia, Canada, Denmark, Finland, France, Germany, Israel, Italy, Japan, Jersey, Jersey, New Zealand, Norway, Singapore, Sweden, Switzerland, the UK, those the only ones that have actually passed like legitimate laws, as far as like staking goes, or mine tokens. So that is it. The rest of the global is like, we don't know. And that's how you know how early we are, even the government can't figure out how much they're going to, they're going to rip you off. And then to finish up, it says meanwhile, the number of countries who address the taxation of tokens obtained via staking standards of just five Australia, again, Finland, New Zealand, Norway and Switzerland. How nations tax the people who maintain cryptocurrency networks will obviously have a big effect on attracting or repelling innovators and investment said Abraham Sutherland, the legal advisor, the proof of stake alliance, the results are all over the board. So really comes out of this. If you are this, this kind of feeds into the no man capitalist type of mentality. If you are rich in staking, you have a lot of cryptocurrency that you're staking somewhere, and you're thinking to yourself, well, you know, what do I go for this? What do I do with all this, this crypto that I have, because I could stay in the country that I live in, or maybe I could go to some other type of country that is a little bit more lax and instead of paying, you know, 25, 35, 40%, I can go someplace where it's only 5% or 6%. And that really is what it's going to come down to, I think. If countries start to massively tax their citizens, then those citizens are gone. I think a lot of the days of you have to be in a certain state, country or territory, because of your job, are slowly slipping away. Now, there are jobs that you've got to be there, but I see a lot of jobs that can be just uprooted, and you can move anywhere. You can do it from anywhere as far as like remote working. I mean, there is Zoom, a lot of places have the internet. If you don't have internet, you can get Starlink through Elon Musk's type of service. But the days of heavy taxation to all the people are going to fall, unfortunately, on a lot of people who are just stuck in the place that they have to be. And the ones that don't have to be there, and that's going to increase as time goes on, are just going to get the heck out. So that is what I got for that piece. Let me know what you think of the comment section. And lastly, before I move on to the portfolio review, I would just say this, taxes are coming up in the US. Taxes are due everywhere, actually. So friends of the show, CryptoTrader.Tax, there is a link in the description. You can get 20% off right now. But also, you can enter to win for a free unlimited tax support, $300 value. You just put in your first name and email. They draw one every week, all the way up until April. If you need help right now, then use that link below. And this is for everybody in the entire world. There is a direct API for all the different exchanges, even the crappy ones. And they can pull the data in and they can show you unrealized gains, tax gains, losses, and everything else. And you can just spit it out to whoever is your tax advisor, wherever you live, and it just helps like that. So go ahead and give that a shot. And that is it for that. So let's move on to, I think, one of my favorite, my newly favorite pieces that we've been doing, which is the portfolio review. I get this a lot. I get this a lot everywhere. Like, hey, I really into this project. And what do you think of this? And I really think about this one's another moon. What do you think? So here's what I'm going to tell you right now. If it is outside of my portfolio, I'm not going to really give you too much of an opinion unless I'm actively researching it. So I don't really know. So like on this one, this is from, this is from Bill. And he's most of the stuff is on, I have it in my same portfolio, actually more than half. But there's some like Elron, Luna, Hbar, Binance Coin, Mano, and Cosmos. I have no idea. I have no idea what to do with those. And that's just it because, you know, I haven't done enough research. So for everybody who says, you know, what I do with this, just keep it, because you never know. It could be the next million dollar token. I have no idea. But for the other ones here, Bitcoin, Ethereum, Chainlink, Cardano, Polkadot, Uniswap, Voyager, Aave, VeChain. Oh, I forgot about VeChain. When you take a look at this, just based on my price prediction and where I think, because I can give you a price prediction, looking at all the data that I have and the probability that's going to happen. And what I did with Bill's here is I just plugged it all in. Actually, VeChain, 33656. Let me see. I forgot to put that in. 33656. So this portfolio right here, for Bill, I would just say like this. Just looking at this, all the ones I don't know or don't really care about, to be honest with you, Litecoin down. Well, I actually crowed down. Just keep them. I don't know what else to do with them. But looking at this right here, Bill's got eight Bitcoin. That's pretty good. That's a lot. So for that one, just me personally, I have stopped dollar-cost averaging Bitcoin, because I think it's going to go to 150,000 and then come back down. So after 30,000, like I'm good, I'm going to put in other types of crypto I think has a better return. Ethereum, he's got seven. If this was my portfolio, I'd be dumping a lot more into Ethereum because you never know. I'd also be dumping a lot more Ethereum or a lot into more Ethereum and Cardano. Cardano, he's got 17,000. First of all, first thing I would say, Bill, is definitely take a look at the DNews staking pool, which you can find over at danteachescrypto.com. Just click on ADA staking and you can earn between 4% and 6% with our staking pool. Just a little selfless plug, selfish plug. Excuse me. Chainlink, I would keep that. Polkadots, I think a 234. Me personally, I would keep dollar-cost averaging in. Uniswap, I would still keep dollar-cost averaging in. Voyager is my big one. I would definitely start to put more in there. I think Voyager is a $30 token. I've talked about that many times. VeChain, I can see going to a quarter. So definitely keep dollar-cost averaging in there. And then it all depends on what you want to do. Again, this is just what I would do. I can't tell you what to do, not a financial advisor. But just looking at what Bill has right here, and if you run the numbers for my predictions that I have, Bitcoin $150,000, Chainlink $10,000, Chainlink $35,000, if I add all these up from what his current holdings are and just do this. See that in the bottom right-hand corner there, where it's flashing right now? Bill has over a million dollars. Oops, hold on. That's not right. Right here. Let's do that. There. Bill has over a million dollars. He's actually got one point, almost 1.5 million, just on what he has right here. Not to mention the fact of all the ones that I don't really know where they're going to go. I would assume they would go up, but who knows? It is cryptocurrency. So right here, Bill, his biggest play, Bitcoin. After everything that we saw with MicroStrategy, what's going on, I don't have much of a doubt that's going to hit at least $150,000. That's a reserve one. And I would like to note one thing. And that is that this, for Uniswap, my 2021 price prediction was $20. Right now, I think it's already hit that, matter of fact. So again, my predictions are on the very conservative low side. So I think a minimum bill here is going to hit over a million, but who knows? Again, it is cryptocurrency. So I will link this spreadsheet in the link below, and that's all we got for today. So hey, if you made all the way in, congratulations. If you liked it, why don't you give it a thumbs up and also consider subscribing, because all the things that we talk about are pretty time sensitive, just like the stories we talked about earlier. Also, if you'd like us to have some videos, there's going to be two more that's going to pop up on your left and right, not sure what YouTube do its magic, and that is it for today. So thanks for sticking with me. I really appreciate it. I'll see you on the next one.